Market Overview - Chicago Board of Trade (CBOT) soft red winter wheat futures closed down approximately 2% due to a significant decline in the commodity market [1] Export Data - As of February 1, the European Union's soft wheat export volume for the 2025/26 year stands at 12.82 million tons, unchanged from the previous year [1] - The EU's barley export volume for the 2025/26 year is reported at 5.77 million tons, an increase from 2.84 million tons last year [1] Policy Developments - The Central Committee of the Communist Party of China and the State Council issued opinions to anchor agricultural modernization and promote rural revitalization, emphasizing the need for enhanced monitoring and information dissemination in agricultural markets [1] - The policy aims to stabilize important agricultural product prices, including setting reasonable minimum purchase prices for rice and wheat, and improving cotton target price policies [1] - The implementation of subsidies for farmland fertility protection, corn and soybean producers, and rice is to be maintained [1] U.S. Wheat Export Inspections - As of the week ending January 29, 2026, U.S. wheat export inspections totaled 326,828 tons, down from a revised 378,991 tons the previous week [1] - Cumulative U.S. wheat export inspections for the current crop year, which began on June 1, amount to 16.69 million tons, compared to 14.07 million tons during the same period last year [1]

Group 1 - Chicago Board of Trade (CBOT) soft red winter wheat futures experienced a slight increase as traders await the meeting between the leaders of China and the United States scheduled for Thursday [1] Group 2 - According to external media forecasts, U.S. net wheat export sales for the 2025/26 marketing year are expected to range between 350,000 to 600,000 tons by the week ending October 23, 2025 [2] - The European Commission reported that as of October 26, the EU's soft wheat export volume for the 2025/26 marketing year reached 6.25 million tons, compared to 7.92 million tons during the same period last year [2] - In Brazil's Paraná state, stable weather conditions have led to positive progress in the harvesting of oats, canola, barley, and wheat, with oat harvesting nearing completion [2]